• 54 Posts
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Joined 11 months ago
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Cake day: January 8th, 2024

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  • Fiat currency only really works well for those of us blessed enough to be born in the Western world, United States, Canada, England, Europe, etc. For a lot of people in the world, fiat currency is an absolute plague. Have a look at places like Venezuela where inflation is so high that people have to kill each other for basic necessities to survive or Argentina that is just now managing to pull itself out of years of crazy inflation levels. For those types of people, a crypto that we in the West would consider to be highly unstable is actually extremely stable as compared to their local currency. Plus, all you need to access crypto is any sort of internet connection and an electronic device such as a laptop or smartphone. Those people do not have access to the banking system either because of physical distance or governmental issues.






  • Have you done any digging to see what the actual problem with it is? Are they uncomfortable with the technology? If so, is the technology something you can handle? Are they uncomfortable with the fluctuations? In that case, use the 365 day moving average and then update the price every like four months or something. Even though Bitcoin is the most popular crypto, you may want to avoid it simply because it’s an upskirt chain. And so every transaction you make to a supplier or whatever could be tracked. And so people could find out how much you pay for supplies, etc. In a business context, Monero would probably be better. Just simply because it has privacy. Also, since it is private and fungible, you, as a business owner, wouldn’t have to worry about if the transaction you are receiving is tainted with bad coins from other illicit usage, etc., where on Bitcoin and other chains, you definitely have to worry about that.




  • It actually works very well in those kinds of situations. People like that are constantly getting booted from the banking system and financial services. So crypto is a very good fit for that. Some of the very first people to use Bitcoin back in like 2010 and 2011 was WikiLeaks. After they were cut off from the Visa network, they were cut off from PayPal and other money transfer businesses and they were cut off from their bank accounts and they would have shut down had it not been for the funding they got through Bitcoin. There are a few industries that are perfectly legal that are just morally dubious to some people and therefore get kicked out of the banking system quite easily. Take a look at Operation Choke Point and Operation Choke Point 2.0.